Low Income Housing Tax Credits & Rural Housing in Maryland, 2016

Maryland DHCD’s 2016 Multifamily Rental Financing Program Guide awards up to 8 points for projects in a rural area. For purposes of this section, a rural area includes any area eligible under the U.S. Department of Agriculture’s Rural Development programs or any area in Allegany, Caroline, Dorchester, Garrett, Kent, Somerset, Washington, Wicomico, or Worcester Counties that are not otherwise Community Development Block Grant (CDBG) entitlement communities or HOME Participating Jurisdictions.

The guide also clarifies that a rural area includes any area eligible under the U.S. Department of Agriculture’s Rural Development programs or any area in Allegany, Caroline, Dorchester, Garrett, Kent, Somerset, Washington, Wicomico, or Worcester Counties that are not otherwise CDBG entitlement communities or HOME Participating Jurisdictions.

This Working Paper looks at the combination of incentives state agencies are using in their LIHTC programs for affordable housing in neighborhoods with economic growth, quality schools, low crime, and access to...